Pune, India
Job Description
- Collect, analyse and report on cost accounting data. Preparing standard cost reports, monitoring inventory levels, cost comparisons, product costing analysis, tracking variances and making journal entries. Collaborate with other departments to ensure accurate budgeting and forecasting processes.
- Examine costs of production to determine the most efficient methods of production.
- Ensure accurate classification of expenses under Generally Accepted Accounting Principles (GAAP).
- Research material costs to ensure the accuracy of the information in the company’s accounting system.
- Analyse manufacturing costs and prepare periodic reports comparing standard prices to actual production costs. Participate in physical inventory counts to ensure the accuracy of inventory records. Monitor the accumulation of all direct labour, overhead and other manufacturing-related expenses.
- Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company.
- Prepare budgeting reports by collecting information and data points from various departments within the organisation.
- Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.
- Conduct regular audits, interpret rules related to accounting practices and ensure compliance with the standard regulations in India.
Requirements
- B.Com/M.Com with ICWA Intermediate
- 7+ years of experience in the accountancy field or an equivalent role.
- Proficiency in accounting software like SAP, QAD, Oracle and well-acquainted with Generally Accepted Accounting Principles (GAAP).
- Ability to think critically and make decisions based on data analysis.
- Communication and presentation skills in discussing financial reports. Exposure is must in the areas of
- Costing and cost control
- Budgeting
- Monthly reporting
- Variance Analysis Transfer Pricing
- Strong finance background, an analytical mindset and excellent problem-solving skills,
- Relevant certifications like Cost Management Accountant (CMA).
- Passion for numbers and competence in assessing larger datasets.
- Aptitude for mathematics, statistics, and various cost analysis techniques.
- Unswerving critical, analytical, and interpretation capabilities. Willingness to work in a team or individually, as required.
Concentric AB is an innovator in flow control, fluid power, and thermal management proprietary systems and components to the world’s truck, agricultural machinery, construction, industrial, datacentre, energy storage, and power generation application end-markets. The company has a global manufacturing presence including in the UK, USA, Germany, India, China, and in Sweden in partnership with Alfdex. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of its customers.
Part of Concentric’s global footprint, is represented by LICOS Trucktec GmbH, a leading producer of electromagnetic fan clutches for the truck industry based in Germany, Allied Enterprises, LLC, a US manufacturer of transmission products for the construction, agricultural, material handling and stationary power market, Engineered Machined Products, Inc. (EMP), a leading US producer of electric and mechanical water and oil pumps, electric fans, thermal management systems and precision machined components, and G.O. Engineering, with extensive experience and expertise in electronics design and manufacturing, out of its Bühl, Germany facility.
Concentric AB is part of the A.P. Moller Holdings group.